Southern's latest quarterly dividend of $0.72 per share was on May 17, 2024 (ex-date). The annualized dividend distribution of $2.82 per share represents a current dividend yield of 3.45%. The latest SO payment of $0.72 marks a dividend growth of 2.9%.
SO has a dividend yield of 3.45% which is above the Utilities sector average but below the industry and its peers average. Compared to its Utilities sector average of 3.26%, Southern's dividend yield is 6% higher. The current dividend yield is below the historical average of 4.0% of the last 5 years.
Southern has a history of paying dividends since 1994. Our records of SO show that the company has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 2.9% since twelve months ago. But with the price of the stock up by 12% from a year ago, the dividend yield has a decrease of 9%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| May 17, 2024 | Jun 6, 2024 | Apr 22, 2024 | $0.72 | normal |
| Feb 16, 2024 | Mar 6, 2024 | Jan 18, 2024 | $0.7 | normal |
| Nov 17, 2023 | Dec 6, 2023 | Oct 16, 2023 | $0.7 | normal |
| Aug 18, 2023 | Sep 6, 2023 | Jul 17, 2023 | $0.7 | normal |
| May 12, 2023 | Jun 6, 2023 | Apr 17, 2023 | $0.7 | normal |
| Feb 17, 2023 | Mar 6, 2023 | Jan 20, 2023 | $0.68 | normal |
| Nov 18, 2022 | Dec 6, 2022 | Oct 18, 2022 | $0.68 | normal |
| Aug 12, 2022 | Sep 6, 2022 | Jul 18, 2022 | $0.68 | normal |
| May 13, 2022 | Jun 6, 2022 | Apr 19, 2022 | $0.68 | normal |
| Feb 18, 2022 | Mar 7, 2022 | Jan 14, 2022 | $0.66 | normal |
| Nov 12, 2021 | Dec 6, 2021 | Oct 18, 2021 | $0.66 | normal |
| Aug 13, 2021 | Sep 7, 2021 | Jul 19, 2021 | $0.66 | normal |
| May 14, 2021 | Jun 7, 2021 | Apr 19, 2021 | $0.66 | normal |
| Feb 12, 2021 | Mar 8, 2021 | Jan 15, 2021 | $0.64 | normal |
| Nov 13, 2020 | Dec 7, 2020 | Oct 19, 2020 | $0.64 | normal |
| Aug 14, 2020 | Sep 8, 2020 | Jul 20, 2020 | $0.64 | normal |
| May 15, 2020 | Jun 8, 2020 | Apr 20, 2020 | $0.64 | normal |
| Feb 14, 2020 | Mar 6, 2020 | Jan 17, 2020 | $0.62 | normal |
| Nov 15, 2019 | Dec 6, 2019 | Oct 21, 2019 | $0.62 | normal |
| Aug 16, 2019 | Sep 6, 2019 | Jul 15, 2019 | $0.62 | normal |
| May 17, 2019 | Jun 6, 2019 | Apr 15, 2019 | $0.62 | normal |
| Feb 15, 2019 | Mar 6, 2019 | Jan 17, 2019 | $0.6 | normal |
| Nov 16, 2018 | Dec 6, 2018 | Oct 15, 2018 | $0.6 | normal |
| Aug 17, 2018 | Sep 6, 2018 | Jul 16, 2018 | $0.6 | normal |
| May 18, 2018 | Jun 6, 2018 | Apr 16, 2018 | $0.6 | normal |
| Feb 16, 2018 | Mar 6, 2018 | Jan 19, 2018 | $0.58 | normal |
| Nov 17, 2017 | Dec 6, 2017 | Oct 16, 2017 | $0.58 | normal |
| Aug 17, 2017 | Sep 6, 2017 | Jul 17, 2017 | $0.58 | normal |
| May 11, 2017 | Jun 6, 2017 | Apr 17, 2017 | $0.58 | normal |
| Feb 16, 2017 | Mar 6, 2017 | Jan 13, 2017 | $0.56 | normal |
| Nov 17, 2016 | Dec 6, 2016 | Oct 17, 2016 | $0.56 | normal |
| Aug 11, 2016 | Sep 6, 2016 | Jul 18, 2016 | $0.56 | normal |
| May 12, 2016 | Jun 6, 2016 | Apr 18, 2016 | $0.56 | normal |
| Feb 11, 2016 | Mar 7, 2016 | Jan 14, 2016 | $0.543 | normal |
| Nov 12, 2015 | Dec 4, 2015 | Oct 19, 2015 | $0.543 | normal |
| Aug 13, 2015 | Sep 5, 2015 | Jul 20, 2015 | $0.543 | normal |
SO has a payout ratio of 72.7% which is higher than the Utilities sector and its peers average but lower than the industry average. In comparison with the Utilities sector average of 65.7%, Southern's payout ratio is 11% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| D Dominion Energy Inc | 5.07% | $2.67 | 140.5% |
| FE Firstenergy Corp | 3.99% | $1.64 | 88.4% |
| ETR Entergy Corp | 3.93% | $4.46 | 44.5% |
| DUK Duke Energy CORP | 3.8% | $4.1 | 103% |
| SO Southern Co | 3.43% | $2.82 | 72.7% |
| PPL PPL Corp | 3.38% | $1 | 96.6% |
| NEE Nextera Energy Inc | 2.65% | $1.97 | 63.6% |
| NRG Nrg Energy Inc | 2.13% | $1.57 | 22.2% |
Yes, Southern has been paying dividends for the last 30 years.
SO has announced its next dividend with ex-date Aug 19, 2024.
Southern's last regular dividend was on May 17, 2024 (ex-date) with the amount of $0.72 per share.
SO's annualized dividend per share is $2.82.
The current dividend yield of Southern is 3.45%.
Southern pays four dividends per year.
The dividend payout ratio of Southern is 72.7%.
Southern's dividend yield is above the Utilities sector average.